Rent, groceries, gas, electricity: these are just some of the expenses you cover monthly, or even weekly or daily. They are provided for in your budget if you keep one. But what if your car breaks down? What if your cat needs urgent veterinary care or if a water leak in the basement causes major damage? Is your budget sufficient to support you in an emergency?
Accidents and surprises happen, and they can be expensive. Sometimes we have to borrow money to manage them. Unfortunately, this can be a nightmare for those with poor credit, who are often turned down by banks as risky candidates. If this is your case, know that there is another solution: You can access emergency funds if you work with a lender who provides no credit check loans.
Bad Credit 101
Bad credit can have many negative repercussions, like making it harder to get car and home loans, or getting credit card accounts. It can even have an impact on your insurance premiums or your job searches.
The quality of your credit depends on many elements. Review your payment history first: Even one late or missed payment can impact credit reports and credit scores, regardless of the amount. Using more than 50% of allowed credit on average will also affect your score. After all, the more credit products you have, the more debt you are likely to get! Filing for bankruptcy, charge-offs and defaults are other causes of bad credit.
Simple, confidential and guaranteed
No credit check loan providers do not require a credit check or require you to provide them with documents in order to approve your application. Instead, they base your eligibility on simple criteria such as your age, whether you have a stable monthly income, or how long you’ve been employed. Your answers to these questions are verified with Instant Bank Verification, a secure technology used by reputable financial institutions to allow agents to view your statement without giving them access to your personal information and bank details.
Applications are completed online from A to Z. More often than not, you don’t even need to speak to an agent, not even on the phone. You don’t have to wait long either: it takes a maximum of 24 hours for your loan to be deposited into your account once your application has been submitted. This is what makes it an extremely attractive solution if you need immediate financial assistance but the bank has refused you.